‎The naira depreciated marginally towards the U.S. greenback within the parallel market, sliding to ₦1,630/$ on Saturday, Might 11, from ₦1,625/$ the day before today—reflecting a ₦1.02 drop.

‎In accordance with knowledge obtained by Financial confidential from Aboki Foreign exchange, the naira was quoted at ₦1,625/$ for purchasing and ₦1,630/$ for promoting, indicating continued volatility within the unofficial market.

‎In the meantime, figures from the Central Financial institution of Nigeria (CBN) confirmed the official change price stood at ₦1,606.64/$ on Tuesday, in comparison with ₦1,605.62/$ on Monday. Regardless of the fluctuations, the naira’s decline remained average all through the week.